Company: Fusion Fuel Green PLC
Market cap: $ 76 MUSD at time of publication
Share price: $ 5,52 USD at time of publication
Industry: Green hydrogen using solar energy
Comparable peers: Green hydrogen systems, Next hydrogen, Aker Clean hydrogen, Hydrogenpro
Target price by analysts: $16 USD*
*Target price is set by external analysts and not ESGFIRE
read more below.
ESGFIRE is very pleased by todays announcement that Fusion Fuel has secured a contract for a €5 (4,85 MUSD) Million Tech Sale Contract for 3.2 MW Green Hydrogen Project in Spain. The project according to the press release will use the company’s innovative solar-to-hydrogen systems for a 3.2 MW green hydrogen project located in Andalucía, Spain. Furthermore the press release states that the facility will consist of 144 HEVO-Solar trackers that will generate an estimated 200 tonnes of green hydrogen per annum. The company expects to begin construction early next year and achieve commercial operation in Q3 2023.
The average Target price by analysts for Fusion Fuel is currently 190 % and todays order reaffirms our beleive that Fusion Fuel is the right pick as a stock in the hydrogen sector!
Link to full press release below :
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